Federal Reserve’s Record $235 Billion Repo Intervention Validates Bitcoin

While Bitcoin is an asset independent of central banks, of banks, and of Wall Street, the cryptocurrency’s strength and underlying value proposition have become increasingly dependent on events in the traditional financial world as this fledgling industry has grown.
Related Reading: Bitcoin Fixes This: Top Bank Chief Says Monetary Policy is Failing
One such pro-Bitcoin event, or trend rather, is the Federal Reserve’s decision to pump billions of dollars worth of liquidity into the re